Guidelines for Collecting:

The 1897-O Morgan dollar is a variety that is ideal for cherrypicking. While most are poorly or lightly struck with below-par luster, specimens can be found with relatively crisp devices and lively luster though these are few and far between.

Availability in Circulated Grades:

Always available in EF and AU, with little attention paid to lesser grades.

Availability in Mint State Grades:

Bag quantities of the date were available from time to time in the 1940s and 1950s. In today’s market locating a Mint State-63 coin with good luster, minimal bagmarks, and better than typical strike will provide a challenge—and a reward. MS-64 and finer coins are scarce.

Availability in Proof:

None produced.

The example to the left was sold by Stack's Bowers Galleries in the Larry H. Miller Collection, where it realized $348,000.

1897-O Morgan Dollar Auction Highlights

1897-O Morgan Dollar PCGS MS-67, CAC Sold for $348,000   View Lot 6373

1897-O Morgan Dollar PCGS MS-64+, CAC Sold for $38,187   View Lot 10163

1897-O Morgan Dollar PCGS MS-64 Sold for $14,687   View Lot 10164